The Real Reason Oil Prices Went Negative In April ...Middle East

OILPRICE - Economy
The Real Reason Oil Prices Went Negative In April
source : OILPRICE ( Middle East ) () 28
Unusually high open interest in West Texas Intermediate was one of the two causes for the benchmark plunging into negative territory in late April, according to a report by the U.S. Commodity Futures Trading Commission. The high open interest, the report said, coincided with a shortage in storage space and the unprecedented destruction of demand resulting from the coronavirus pandemic. The report added that open interest in WTI reached 634,727 contracts on April 2. This compared to a 12-month average peaking at 430,000 contracts. The price of West…

Hence then, the article about the real reason oil prices went negative in april was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( The Real Reason Oil Prices Went Negative In April )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

Fuel Tax Changes Hit Six States As Energy Inflation Accelerates

before 4 hours & minute

The Promise and Peril of Jamaica’s Offshore Oil Ambitions

before 5 hours & 58 minute

UK Sets January 2027 Deadline for Ban on Fuel Made From Russian Crude

before 7 hours & 33 minute

Russia, China, and Iran Are Joining Forces Against Western Pressure

before 8 hours & 3 minute

MGI Tech Showcases Expanding Genomics Ecosystem at ESHG 2026 with New IVD Partnering Program and OEM Collaborations

before 9 hours & 7 minute

Rising Energy Bills Are Fueling a Global Home Battery Boom

before 9 hours & 56 minute

Elon Musk becomes world& 039;s first trillionaire as SpaceX surges after record IPO

before 11 hour & 6 minute

YEEDI Delivers Lowest-Ever Pricing on Self-Cleaning Roller Mop Robot Vacuums With Early Prime Day Deals

before 11 hour & 54 minute

Muscat Stock Exchange& 039;s Financial Sector Rises for Third Consecutive Week

before 13 hour & 9 minute

Congress is struggling to do its most important job: Spend Americans’ money

before 14 hour & 55 minute

Planning minister: Investing in human capital key to enhancing gov’t performance

before 15 hour & 27 minute

A German Court Has Ruled That Google Is Liable for False Statements Generated by AI Overviews

before 16 hour

To Go Fast and Far: Why Africa's Businesses Are Rebuilding Technology in 2026

before 16 hour & 58 minute

Anthropic pulls access to its most advanced AI models

before 17 hour & 10 minute

Namibia: SA Xenophobia Disrupts 'Order With Me' ... Traders Will Meet PM Tomorrow

before 17 hour & 30 minute